India’s Annual Budget Spending
The Union Budget 2023-24 was presented on February 1, 2023 by the Finance Minister Ms. Nirmala Sitharaman. It had proposed to spend Rs 45,03,097 crore in the financial year. What’s your guess for this year?
India’s Income Tax Payers
In India, 8.18 crore Income Tax Returns (ITRs) were filed last year (A.Y. 2023-2024) upto 31.12.2023 as against 7.51 crore the previous year upto 31.12.2022. What’s your guess for this year?
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1992182
2024 – the election year
2024 is an election year for more than 80 countries – about half the world’s population.
World’s most traded products
In 2022, world’s most traded products were Crude Petroleum ($1.45T), Refined Petroleum ($1.08T), Integrated Circuits ($961B), Petroleum Gas ($827B), and Cars ($782B).
Source: https://oec.world/en/profile/world/wld
Number of Universities in India
As of 25 Jan 2023, India has 1074 Universities. Of which 460 are State Universities, 430 are Private Universities, 128 are Deemed to be Universities, and 56 Central Universities.
Source: https://www.ugc.gov.in/oldpdf/Consolidated%20list%20of%20All%20Universities.pdf
Classification of Indian MSMEs
Indian MSMEs (Micro, Small and Medium Enterprises) are classfied based on the Investment (in Plant and Machinery or Equipment) done and their Annual Turnover.
Micro Enteprises are those having Investment of not more than Rs. 1 crore and Annual Turnover of not more than Rs. 5 crore.
Small Enteprises are those having Investment of not more than Rs. 10 crore and Annual Turnover of not more than Rs. 50 crore.
Medium Enteprises are those having Investment of not more than Rs. 50 crore and Annual Turnover of not more than Rs. 250 crore.
Number of Indian MSMEs
India has over 6.4 crore MSMEs, consisting of over 6.3 crore Micro Enterprises, 3.3 lakh Small Enterprises, and 5000 Medium Enterprises.
Indian MSMEs Employment
India has over 6.4 crore MSMEs (Micro, Small, and Medium Enterprises) employing over 11 crore people.
World GDP and Largest Economies
As per International Monetary Fund (IMF) data here is a summary of world GDP and the largest economies in the world, as of January 2024. World GDP stands at 109.73 USD trillion. Advanced economies contribute around 58% of that at 63.57 USD trillion. Rest 42% is contributed by Emerging / Developing economies at 46.17 USD trillion. United States is of course the largest economy in the world with a GDP…
India’s Ground Water
India uses the highest amount of ground water in the world, approximately 248 cubic kilolitres every year. And that’s more than 25% of the global total.